507 S Howard St, Spokane, WA

Listing office LT Real Estate Show Phone

Listing date Nov 14, 2025

Source Moodyscre

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Overview

This mixed-use property is located in Spokane’s South Hill neighborhood. The building includes 1,015 square feet of retail space, currently occupied by a coffee tenant with five years remaining on the lease. Above the retail space are twenty-nine apartments. The unit mix consists of eighteen one-bedroom and eleven two-bedroom apartments, all featuring spacious layouts and quality finishes. Located in an Opportunity Zone, the property offers potential tax benefits. The property has a total size of 42,500 square feet and offers income potential. There is potential for rent upside of 10%-20%. The property is positioned in a high-demand location near downtown, shopping, and dining.

Suggested Use

Pet Grooming Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Locksmith Restaurant Tanning Salon (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Clothing & Fashion Store Home Appliance Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Spokane

County

Spokane

State

Washington

Longitude

-117.422

Latitude

47.6624

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FAQs

What type of property is this?

Mixed-use property - Mixed-use property with retail and apartments in Spokane's South Hill.

Where is this mixed-use property located?

The property is located at 507 S Howard St Spokane, WA.

What is the asking price?

The asking price for this property is $4,250,000.

What are key features of this property?

This property features: High‑demand South Hill location in Spokane, close to downtown, shopping, and dining.; Existing retail tenant (coffee shop) with five years remaining on the lease provides immediate income.; Opportunity Zone location offers valuable tax benefits.